JVAL vs VTV: Grades, Fees and Holdings Compared

JPMorgan U.S. Value Factor ETF

JVALBNYSE Arca

Vanguard Morningstar Value ETF

VTVANYSE Arca

Overlap

31.1%by weight

Expense ratio

VTV −0.09pt a year

JVAL0.12%VTV0.03%

Avg volume · 30D

VTV 41.6×the volume

JVAL68KVTV2.83M

5Y return · a year

VTV +0.4pt

JVAL+11.9%VTV+12.3%

JVAL vs VTV Performance

Nov 2, 2021 – Nov 2, 2026

+75.4%JVAL+78.8%VTV

Expense ratio: JVAL 0.12%; VTV 0.03%, better
Fund size: JVAL $1.05B; VTV $252B
1Y total return: JVAL +24.0%; VTV +25.6%, better
Yield (12M): JVAL 1.59%; VTV 1.82%, better
Holdings: JVAL 395; VTV 311
Avg volume (30D): JVAL 68K sh; VTV 2.83M sh, better
NAV per share: JVAL $58.81; VTV $228.00
52W range

ETF.net Grade

Pillar letters and Scores for JVAL, VTV, with each pillar’s weight
Pillar	JVAL	VTV
Cost30% weight	A76	A96Higher
Mission25% weight	A86	A89Higher
Risk15% weight	C42	A84Higher
Tradability15% weight	D35	B65Higher
Holdings10% weight	B61Higher	C51
Durability5% weight	C44	A88Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. JVAL and VTV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

VTV ranks 2nd and JVAL 13th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 13BDFUVDimensional US Marketwide Value ETFScore 64
Rank 13BJVALJPMorgan U.S. Value Factor ETFScore 64
Rank 15BIWNiShares Russell 2000 Value ETFScore 63

Our read on each fund

ETF.net Research

JVALBJPMorgan U.S. Value Factor ETF

VTVAVanguard Morningstar Value ETF

In short

JVAL J.P. Morgan's quant desk pointed at cheap US stocks: a rules-based index of roughly 400 names screened on valuation, for 0.12% a year. Broad enough to be a core holding, priced below the typical value fund.

VTV Value investing for three cents on every hundred dollars a year. Since 2004, VTV has run a passive, fully invested portfolio of roughly 300 large US companies that screen cheap, at a fee near the industry floor.

Stated mandate

JVAL The fund seeks domestic equity exposure focused on companies with attractive valuations and potential return enhancement.

VTV The fund seeks to track a large-capitalization U.S. value-stock benchmark through passive indexing and substantial replication of that index.

Why people hold it

JVAL Costs 0.12% a year, under the 0.18% median for US value funds.
Follows the JP Morgan US Value Factor Index closely, so the advertised value tilt is what actually shows up in the portfolio.jpmorgan.com
Roughly 400 holdings spread the bet wide, and the fund distributes quarterly.
Trading since 2017 and one of the stronger builds in a crowded 33-fund value field.

VTV 0.03% a year, about a sixth of the 0.18% median for US value funds. Cost is the part of the outcome the fund actually controls.
Same recipe, very different sticker: PRXV tracks the same declared value index and charges 0.36%, twelve times VTV's fee.
Passively managed, full replication, fully invested. No manager hunches, no cash sitting idle, and the fund has tracked its benchmark closely.vanguard.com
One of the largest and most actively traded funds in the US value aisle, the kind of scale that keeps bid-ask spreads thin for ordinary orders.

Worth knowing

JVAL Cheap, not cheapest: VTV (0.03%) and IUSV (0.04%) undercut it, though they follow plain market-cap value indexes rather than a factor screen.
Volume is moderate rather than heavy, so bid-ask spreads can run wider than the giants of the value aisle.
A mid-sized fund, not a category flagship, which is worth knowing if fund scale matters to you.

VTV Large caps only, about 300 of them. Cheap mid- and small-cap stocks live in separate funds (VOE, VTWV), so this is one slice of value, not the whole market.
It is a value screen by design, so the priciest fast growers are largely filtered out. In growth-led stretches it can move very differently from a total-market fund.
Income arrives quarterly, in four instalments rather than a monthly drip.

Full JVAL profile⁠

Full VTV profile⁠

JVAL vs VTV Holdings

How JVAL and VTV differ

Overlap by weight

31.1%

Shared holdings make up 42.2% of VTV and 41.2% of JVAL.

Level by level

Holdings119 in both31.1%
Sector11 Sectors63.2%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in JVAL and VTV, widest gap first
Sector	More in JVALMore in VTV	JVAL	VTV
Technology	JVAL +25.2 points	39.5%	14.3%
Financials	VTV +12.1 points	10.3%	22.4%
Health Care	VTV +6.8 points	10.0%	16.8%
Consumer Discretionary	JVAL +6.7 points	10.4%	3.7%
Industrials	VTV +6.4 points	6.8%	13.2%
Consumer Staples	VTV +5.3 points	3.4%	8.7%
Communication	JVAL +4.9 points	7.9%	3.0%
Energy	VTV +4.0 points	4.2%	8.2%
Utilities	VTV +2.0 points	2.2%	4.2%
Materials	VTV +0.2 points	2.9%	3.1%
Real Estate	Same weight	2.5%	2.5%

Country, concentration and asset class

Country by domicile

Country weights in JVAL and VTV, widest gap first
Country	More in JVALMore in VTV	JVAL	VTV
United States	VTV +1.1 points	98.9%	100.0%
Other countries (5)	JVAL +1.1 points	1.1%	0.0%

Concentration

Weight in the 10 largest Holdings

JVAL16.4%
VTV23.6%

Securities held

JVAL393
VTV309

Asset class

JVAL: Equity
VTV: Equity

Holdings

Only in JVAL274
In both119
Only in VTV190

Only in JVAL

274 securities, 58.8% of JVAL by weight

Apple Inc Common Stock2.16%
Microsoft Corp Common2.07%
Meta Platforms Inc Common2.01%
Alphabet Inc-Cl A -1.68%
NVIDIA Corp Common Stock1.66%
Broadcom Inc Common1.63%
Applied Materials Inc0.79%
Lam Research Corp Common0.79%
Amphenol Corp Common0.66%
Oracle Corp Common Stock0.62%
Sandisk Corp Common Stock0.53%
Kla Corp Common Stock USD0.52%
Western Digital Corp0.45%
Skyworks Solutions Inc0.45%
Marvell Technology Inc0.40%
Elevance Health Inc0.39%
Corning Inc Common Stock0.38%
Synopsys Inc Common Stock0.36%
Ptc Inc Common Stock USD0.34%
Autodesk Inc Common0.31%
Okta Inc Common Stock0.30%
Gartner Inc Common Stock0.30%
United Therapeutics Corp0.29%
Williams-Sonoma Inc0.29%
Entegris Inc0.28%
Docusign Inc Common0.28%
Verisign Inc Common Stock0.28%
Apa Corp Common Stock USD0.28%
Bentley Systems Inc0.27%
Godaddy Inc Common Stock0.27%
Epam Systems Inc Common0.27%
Adt Inc Common Stock USD0.27%
Tyler Technologies Inc0.27%
Viatris Inc Common Stock0.27%
Leidos Holdings Inc0.27%
Permian Resources0.26%
Caci International Inc0.26%
Science Applications0.26%
Paycom Software Inc0.26%
Ovintiv Inc Common Stock0.26%
Twilio Inc Common Stock0.26%
Tenet Healthcare Corp0.26%
Hf Sinclair Corp Common0.26%
Workday Inc Common Stock0.26%
Maplebear Inc Common0.25%
Cdw Corp/De Common Stock0.25%
Amcor PLC Common Stock0.25%
Reliance Inc Common Stock0.24%
SS&C Technologies0.24%
Gen Digital Inc Common0.24%

Only in VTV

190 securities, 57.9% of VTV by weight

JPMorgan Chase & Co3.33%
Berkshire Hathaway Inc2.92%
ExxonMobil Holdings Corp2.56%
AbbVie Inc1.75%
Walmart Inc1.72%
Caterpillar Inc1.41%
Procter & Gamble Co/The1.28%
Coca-Cola Co/The1.26%
Philip Morris International Inc1.13%
Thermo Fisher Scientific Inc0.95%
Goldman Sachs Group Inc/The0.93%
Wells Fargo & Co0.92%
Morgan Stanley0.84%
Linde PLC0.83%
PepsiCo Inc0.66%
Deere & Co0.65%
Abbott Laboratories0.65%
Eaton Corp PLC0.63%
General Electric Co0.61%
Union Pacific Corp0.61%
Charles Schwab Corp/The0.61%
American Express Co0.58%
ConocoPhillips0.57%
NextEra Energy Inc0.57%
Blackrock Inc0.56%
Berkshire Hathaway Inc0.55%
Danaher Corp0.53%
Uber Technologies Inc0.50%
Prologis Inc0.47%
Newmont Corp0.46%
Parker-Hannifin Corp0.46%
Lockheed Martin Corp0.45%
S&P Global Inc0.43%
Chubb Ltd0.43%
Marathon Petroleum Corp0.42%
Automatic Data Processing Inc0.39%
Phillips 660.39%
Freeport-McMoRan Inc0.38%
McKesson Corp0.38%
Trane Technologies PLC0.38%
Stryker Corp0.36%
CME Group Inc0.36%
Southern Co/The0.35%
Emerson Electric Co0.33%
CSX Corp0.33%
Constellation Energy Corp0.32%
Intercontinental Exchange Inc0.32%
3M Co0.32%
Williams Cos Inc/The0.31%
Elevance Health Inc0.31%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in JVAL and VTV, widest gap first
Holding	More in JVALMore in VTV	JVAL	VTV
Micron Technology IncMU	VTV +2.88 points	1.68%	4.56%
Bank of America CorpBAC	VTV +0.95 points	0.42%	1.37%
Johnson & Johnson CommonJNJ	VTV +0.77 points	1.65%	2.42%
Rtx CorpRTX	VTV +0.77 points	0.18%	0.95%
Cisco Systems Inc CommonCSCO	VTV +0.72 points	0.72%	1.45%
UnitedHealth Group IncUNH	VTV +0.67 points	0.58%	1.25%
Chevron Corp Common StockCVX	VTV +0.62 points	0.83%	1.45%
Home Depot Inc/TheHD	VTV +0.47 points	0.61%	1.08%
Amgen Inc Common StockAMGN	VTV +0.46 points	0.40%	0.86%
Texas Instruments IncTXN	JVAL +0.47 points	0.95%	0.48%
Merck & Co Inc CommonMRK	VTV +0.42 points	0.94%	1.36%
Verizon CommunicationsVZ	VTV +0.31 points	0.41%	0.72%
Bank of New York MellonBNY	VTV +0.28 points	0.09%	0.37%
Roper Technologies IncROP	JVAL +0.24 points	0.37%	0.13%
Duke Energy Corp CommonDUK	VTV +0.21 points	0.13%	0.34%
Qnity Electronics IncQ	JVAL +0.21 points	0.26%	0.05%
Pnc Financial ServicesPNC	VTV +0.21 points	0.13%	0.34%
Global Payments IncGPN	JVAL +0.20 points	0.28%	0.08%
Cognizant TechnologyCTSH	JVAL +0.19 points	0.29%	0.10%
Quest Diagnostics IncDGX	JVAL +0.18 points	0.28%	0.10%
Ebay Inc Common Stock USDEBAY	JVAL +0.19 points	0.35%	0.16%
Citigroup Inc CommonC	VTV +0.18 points	0.64%	0.82%
Intuit Inc Common StockINTU	JVAL +0.17 points	0.46%	0.29%
Lowe's Cos Inc CommonLOW	VTV +0.17 points	0.22%	0.39%
Packaging Corp ofPKG	JVAL +0.16 points	0.24%	0.08%
Synchrony FinancialSYF	JVAL +0.16 points	0.25%	0.09%
General Motors Co CommonGM	JVAL +0.16 points	0.42%	0.26%
Devon Energy Corp CommonDVN	JVAL +0.16 points	0.35%	0.19%
Zoom Communications IncZM	JVAL +0.16 points	0.25%	0.09%
Microchip Technology IncMCHP	JVAL +0.16 points	0.32%	0.16%
Dover Corp Common StockDOV	JVAL +0.15 points	0.25%	0.10%
Nucor Corp Common StockNUE	JVAL +0.16 points	0.35%	0.20%
Principal Financial GroupPFG	JVAL +0.15 points	0.24%	0.09%
On Semiconductor CorpON	JVAL +0.16 points	0.27%	0.11%
PayPal Holdings IncPYPL	JVAL +0.15 points	0.26%	0.11%
Fedex Corp Common StockFDX	JVAL +0.15 points	0.38%	0.23%
Dell Technologies IncDELL	JVAL +0.15 points	0.45%	0.30%
Delta Air Lines IncDAL	JVAL +0.15 points	0.34%	0.19%
Lyondellbasell IndustriesLYB	JVAL +0.15 points	0.18%	0.03%
Dominion Energy IncD	VTV +0.15 points	0.05%	0.20%
Consolidated EdisonED	JVAL +0.15 points	0.29%	0.14%
Citizens Financial GroupCFG	JVAL +0.14 points	0.24%	0.10%
Netapp Inc Common StockNTAP	JVAL +0.14 points	0.30%	0.16%
Snap-On Inc Common StockSNA	JVAL +0.14 points	0.21%	0.07%
United Airlines HoldingsUAL	JVAL +0.13 points	0.27%	0.14%
Hp Inc Common Stock USDHPQ	JVAL +0.13 points	0.24%	0.11%
Regions Financial CorpRF	JVAL +0.13 points	0.22%	0.09%
Darden Restaurants IncDRI	JVAL +0.14 points	0.22%	0.08%
Fox Corp Common Stock USDFOXA	JVAL +0.14 points	0.18%	0.04%
Keycorp Common Stock USDKEY	JVAL +0.13 points	0.21%	0.08%
Archer-Daniels-MidlandADM	JVAL +0.14 points	0.28%	0.14%
Pultegroup Inc CommonPHM	JVAL +0.13 points	0.21%	0.08%
Kraft Heinz Co/TheKHC	JVAL +0.13 points	0.20%	0.07%
Accenture PLC CommonACN	JVAL +0.12 points	0.55%	0.43%
AT&T Inc Common Stock USDT	VTV +0.12 points	0.51%	0.63%
Exelon Corp Common StockEXC	JVAL +0.12 points	0.28%	0.16%
General Mills Inc CommonGIS	JVAL +0.13 points	0.16%	0.03%
State Street Corp CommonSTT	JVAL +0.12 points	0.29%	0.17%
Fifth Third BancorpFITB	JVAL +0.13 points	0.30%	0.17%
Garmin Ltd Common StockGRMN	JVAL +0.12 points	0.30%	0.18%
Simon Property Group IncSPG	JVAL +0.13 points	0.36%	0.23%
Tyson Foods Inc CommonTSN	JVAL +0.12 points	0.15%	0.03%
Centene Corp Common StockCNC	JVAL +0.12 points	0.18%	0.06%
M&T Bank Corp CommonMTB	JVAL +0.12 points	0.24%	0.12%
Kinder Morgan Inc CommonKMI	JVAL +0.11 points	0.33%	0.22%
Vici Properties Inc ReitVICI	JVAL +0.11 points	0.21%	0.10%
Ford Motor Co CommonF	JVAL +0.11 points	0.29%	0.18%
Edison InternationalEIX	JVAL +0.11 points	0.19%	0.08%
Fidelity NationalFIS	JVAL +0.11 points	0.17%	0.06%
Labcorp Holdings IncLH	JVAL +0.11 points	0.20%	0.09%
L3HARRIS Technologies IncLHX	JVAL +0.10 points	0.27%	0.17%
Dr Horton Inc CommonDHI	JVAL +0.10 points	0.23%	0.13%
Prudential Financial IncPRU	JVAL +0.10 points	0.25%	0.15%
Truist Financial CorpTFC	JVAL +0.10 points	0.31%	0.21%
Carnival Corp Ltd CommonCCL	JVAL +0.10 points	0.21%	0.11%
Dow Inc Common Stock USDDOW	JVAL +0.09 points	0.13%	0.04%
Progressive Corp/ThePGR	VTV +0.10 points	0.36%	0.46%
Eog Resources Inc CommonEOG	VTV +0.09 points	0.18%	0.27%
Adobe Inc Common StockADBE	JVAL +0.09 points	0.45%	0.36%
Qualcomm Inc Common StockQCOM	VTV +0.09 points	0.64%	0.73%
Altria Group Inc CommonMO	JVAL +0.09 points	0.52%	0.43%
Crh PLC Common Stock EurCRH	JVAL +0.09 points	0.30%	0.21%
Lennar Corp Common StockLEN	JVAL +0.09 points	0.15%	0.06%
Ppg Industries Inc CommonPPG	JVAL +0.08 points	0.17%	0.09%
Regeneron PharmaceuticalsREGN	VTV +0.08 points	0.21%	0.29%
Dollar General CorpDG	JVAL +0.08 points	0.18%	0.10%
Expedia Group Inc CommonEXPE	JVAL +0.08 points	0.19%	0.11%
Gilead Sciences IncGILD	JVAL +0.08 points	0.78%	0.70%
The Estee LauderEL	VTV +0.08 points	<0.01%	0.09%
Eqt Corp Common Stock USDEQT	JVAL +0.08 points	0.14%	0.06%
The Walt Disney CompanyDIS	VTV +0.08 points	0.61%	0.69%
Hewlett PackardHPE	JVAL +0.08 points	0.38%	0.30%
Eversource Energy CommonES	JVAL +0.07 points	0.16%	0.09%
Huntington BancsharesHBAN	JVAL +0.07 points	0.19%	0.12%
American InternationalAIG	JVAL +0.07 points	0.22%	0.15%
T Rowe Price Group IncTROW	JVAL +0.07 points	0.15%	0.08%
The Kroger Co.KR	JVAL +0.06 points	0.17%	0.11%
Cummins Inc Common StockCMI	JVAL +0.07 points	0.34%	0.27%
Cigna Group/The CommonCI	JVAL +0.07 points	0.34%	0.27%
Bristol-Myers Squibb CoBMY	VTV +0.05 points	0.43%	0.48%

All 393 JVAL holdings⁠All 331 VTV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JVAL vs VTV Cost

Overpaying JVAL vs VTV

$1,882

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JVAL 0.12%
$2,520
VTV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

JVAL 0.12%
VTV 0.03%
Overpaying

Year by year

Year	JVAL	VTV	Overpaying
10	$220	$55	$165
20	$859	$216	$643
30	$2,520	$638	$1,882

Expense ratio

0.12%JVAL
0.03%VTV, cheaper

VTV0.03%JVAL0.12%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VTV cheapest of 40 funds

JVAL 10th cheapest of 40 funds

JVAL vs VTV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): JVAL 1.59%; VTV 1.82%, better
Payout (12M): JVAL $0.93; VTV $4.16
Last payment: JVAL $0.22; VTV $1.02
Ex-dividend: JVAL Sep 22, 2026; VTV Sep 28, 2026
Paid on: JVAL Sep 24, 2026; VTV Sep 30, 2026
Frequency: JVAL Quarterly; VTV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JVALQuarterly · 36 paymentsAll JVAL payments⁠

VTVQuarterly · 39 paymentsAll VTV payments⁠

JVAL vs VTV Risk

Fall from peak · 5 years

JVAL
VTV

Risk facts

VolatilityStd dev, 3 years: JVAL 13.4%VTV 11.3%, better
Return per unit of riskSharpe ratio, 3 years: JVAL 1.32VTV 1.44, better
Worst fallMax drawdown, 5 years: JVAL −22.4%VTV −17.0%, better
Market sensitivityBeta, 5 years: JVAL 0.97VTV 0.69; Market = 1

JVAL and VTV in the news

All news⁠

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Updated Nov 2, 2026VTV
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The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VTV
Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VTV
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026VTV
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The best value ETF depends on whose list you bought
Updated Oct 2, 2026VTV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026VTV

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JVAL vs VTV

In short

Stated mandate

Why people hold it